Foundation stone laid for Rs.4,500 cr Tuna Tekra all-weather deep draft terminal
Prime Minister inaugurated, dedicated to the nation and laid the foundation stone for projects worth more than Rs.23,000 crores that are aligned with the Indian maritime blue economy.
Inaugurating the third edition of Global Maritime India Summit 2023 in Mumbai via video conferencing on 17 Oct, he underscored the role of sea routes in global trade, emphasizing the need for a reliable global supply chain in the post-Corona world.
During the programme, the Prime Minister laid the foundation stone of Tuna Tekra all-weather deep draft terminal to be built at a cost of more than Rs.4,500 crores at Deendayal Port Authority in Gujarat. This state-of-the-art greenfield terminal will be developed in PPP mode.
The terminal, which is likely to emerge as an international trade hub, will handle next-gen vessels exceeding 18,000 twenty-foot equivalent units (TEUs) and will act as a gateway for Indian trade via the India-Middle East-Europe Economic Corridor (IMEEC).
The Prime Minister also dedicated more than 300 Memorandums of Understanding (MoUs) worth more than Rs.7 lakh crore for global and national partnerships in the maritime sector.
He said that Next Generation Mega Port, International Container Trans-shipment port, island development, inland waterways, and multi-modal hub will be undertaken leading to a reduction in business cost and environmental degradation. These projects will improve logistical efficiency and create jobs.
The Prime Minister reiterated that investors have a great opportunity to become part of this campaign and join India’s growth story.
“The Government’s vision of ‘Ports for Prosperity and Ports for Progress’ is bringing transformational changes at the ground level,” said the Prime Minister, as he noted that the mantra of ‘Ports for Productivity’ is also being encouraged.
He underlined that Coastal Shipping Modes are also being modernized in India and informed that the coastal cargo traffic has doubled in the last decade, thereby providing a cost-effective logistic option for the people.
The three-day summit discussed and deliberated key issues of the maritime sector including ports of the future; decarbonisation; coastal shipping and inland water transportation; shipbuilding; repair and recycling; finance, insurance & arbitration; maritime clusters; innovation & technology; maritime safety and security; and maritime tourism, among others. The summit provided an excellent platform for attracting investment in the country’s maritime sector.
The first Maritime India summit was held in 2016 in Mumbai while the Second Maritime Summit was held virtually in 2021. Fiinews.com
